Record: 38% of Americans postponed medical care last year because of cost

High medical costs are keeping Americans away from the doctor’s office, according to a survey.

A Gallup poll released Tuesday found that 38 percent of Americans are putting off medical treatment because of financial concerns — the highest on record and a 12 percent increase from a year earlier.

An analysis by the Kaiser Family Foundation (KFF) found that insurance premiums — the monthly cost of coverage — rose 47 percent from 2011 to 2021, while deductibles — the amount a person must pay before insurance takes effect — rose 68 percent have risen over that period.

Add to this the astounding jumps in prescription drug prices, with the Department of Health and Human Services (HHS) reporting price increases of over 1,000 percent from 2016 to 2022.

Experts are pointing to rising inflation that has impacted almost every facet of American life – combined with the upward pressure the Covid pandemic has put on healthcare costs in recent years.

Health insurance premiums and deductibles rose sharply from 2011 to 2021, while HHS warns that many prescription drug prices rose from 2016 to 2022. The biggest culprit was fluconazole, which is used to treat fungal infections

Health insurance premiums and deductibles rose sharply from 2011 to 2021, while HHS warns that many prescription drug prices rose from 2016 to 2022. The biggest culprit was fluconazole, which is used to treat fungal infections

Health insurance premiums and deductibles rose sharply from 2011 to 2021, while HHS warns that many prescription drug prices rose from 2016 to 2022. The biggest culprit was fluconazole, which is used to treat fungal infections

Rising US healthcare costs have been a hot political issue for much of the 21st century.

An estimated 30 million Americans, nine percent of the population, do not have health insurance.

Even those who do have insurance can face bills in the tens of thousands due to off-grid supply issues or lack of coverage.

These rising costs have discouraged Americans from seeking medical care – potentially leaving health problems unnoticed for too long and putting themselves at risk.

A Gallup poll conducted between Nov. 9 and Dec. 2 found nearly two in five Americans had postponed medical care in 2022 due to cost concerns.

That’s a sharp 46 percent increase from 2021, when 26 percent of Americans stopped seeking care because of rising costs.

The Washington DC-based polling firm has conducted this poll every year since 2000.

Last year was a record for the number of Americans who referred the case for financial reasons — with previous peaks in 2014 and 2019 of 33 percent.

Many are also delaying medical care because of potentially serious medical conditions, with 27 percent of survey respondents saying so.

This is also a record for this Gallup poll.

The Gallup poll found that four in 10 Americans procrastinate on health care because it may be too expensive, a record high since the data began being collected at the turn of the century

The Gallup poll found that four in 10 Americans procrastinate on health care because it may be too expensive, a record high since the data began being collected at the turn of the century

The Gallup poll found that four in 10 Americans procrastinate on health care because it may be too expensive, a record high since the data began being collected at the turn of the century

One in four Americans delays treatment for what they say is a “very or somewhat serious condition.”

One in four Americans delays treatment for what they say is a “very or somewhat serious condition.”

One in four Americans delays treatment for what they say is a “very or somewhat serious condition.”

The inflationary crisis of 2022 caused Americans to spend more on everyday expenses like groceries, clothes, and gas — leaving less on medical supplies.

America’s inflation rate peaked at 9.1 percent in June last year but has since fallen to 6.5 percent last month.

However, rampant inflation is nothing new in the healthcare industry.

A KFF report found that monthly premiums for employer-based health insurance plans increased 47 percent from 2011 to 2021.

The annual cost of a family plan in 2021 averaged $22,221, with employees paying $5,969 out of pocket — or $497.42 per month.

About half of the entire US population receives health care through their employer.

Deductibles, the amount a person has to pay out of pocket before their insurance will offer coverage, have also increased by a staggering 68 percent, according to the KFF.

The average family deductible increased from $991 to $1,669 over the ten years. Almost 85 percent of Americans with employer plans have a deductible.

Inflation in the US slowed again last month, rising at an annual rate of 6.5%. It was the sixth consecutive month that the annual inflation rate has fallen

Inflation in the US slowed again last month, rising at an annual rate of 6.5%. It was the sixth consecutive month that the annual inflation rate has fallen

Inflation in the US slowed again last month, rising at an annual rate of 6.5%. It was the sixth consecutive month that the annual inflation rate has fallen

Drug prices have also skyrocketed in America. The HHS reports 1,216 products that had a price increase of more than 8.5 percent from 2016 to 2022.

The average price of this group of drugs increased by 31.6 percent over this six-year period.

The biggest culprit was fluconazole, manufactured by Greenstone and distributed by pharmaceutical giant Pfizer.

The wholesale price of the drug, used to treat fungal infections, rose from $2 to $28 per pill — an increase of 1,100 percent.

Lisinopril, used to treat chronic heart failure, costs $129 per 1,000 tablets — a 539 percent increase from $20 per tablet in 2016.

Other drugs such as calcium acetate (113 percent price increase), used for kidney disease, diltiazem (106 percent), sulfasalazine (100 percent) and levetiracetam (89 percent) were among the fastest movers.

An analysis last year found that the average American spends $1,300 a year on prescription drugs – far more than any other country in the world.

Source: | This article originally belongs to Dailymail.co.uk

https://www.soundhealthandlastingwealth.com/health-news/record-38-of-americans-put-off-medical-care-last-year-due-to-costs/?utm_source=rss&utm_medium=rss&utm_campaign=record-38-of-americans-put-off-medical-care-last-year-due-to-costs Record: 38% of Americans postponed medical care last year because of cost

Brian Ashcraft

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